A Positive Employment Report for August

The NAHB Eye on Housing reported an increase in nonfarm payroll employment from July to August this year. Nonfarm payroll employment increased to 31 states in August with 235,000. This was at a slower rate than seen in July with an increase of 1,053,000.

August saw a strong increase on a month-over-month basis in California where 104,300 jobs were created, in Texas 39,300 and New York 23,500 were created. Nineteen of the states and the District of Columbia saw a decline with a loss of 64,100 jobs.

Out of the 48 states which reported construction sector job information, 24 of those states saw an increase in both residential and non-residential construction jobs. Colorado, South Dakota and Utah saw no changes while Nevada added 3,000 construction jobs. There was a 4.4% increase in New Hampshire but a 3.7% in Kansas between July and August.

The construction sector jobs also saw an increase of 2.7% by 193,000 jobs on a year-over-year basis. California again came in at the top with 35,900 construction sector jobs while New York lost the most at 11,700 jobs. In percentage comparisons, Rhode Island had the highest growth at 13.9 which Wyoming at the worst at a decline of 7.7%.

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Data Released Shows November 2020 Gains in Single-Family Permits

The National Association of Home Builders' Eye on Housing reported that there was a 12.2% increase of single-family permits on a year-over-year basis from November 2019. The November 2020 number reached to 888,217 while the November 2019 level just hit 791,452.

The South had an increase of 14.4% single-family permits which was the highest in all four regions. The other three regions were as follows, Midwest had an 11.7% increase, the West had an 8.5% increase and the Northeast had the lowest at 8%.

Delving even more into the data, 45 states saw an increase in single-family permits while 5 states and the District of Columbia saw a decline. The highest record was Vermont with a 37.8% increase while the District of Columbia saw the lowest at a decline of 19.6%. The ten highest states issuing the highest number of single-family permits were Vermont, Maine, New Hampshire, South Dakota, Delaware, Nebraska, Arizona, Missouri, Utah, and Texas. These states totaled 61.3% of the country's total single-family permits issued.

At the local level, below are the top 10 metro areas that issued the highest number of single-family permits.

Metropolitan Statistical Area	Single-family Permits: Nov (Units #YTD, NSA)
Houston-The Woodlands-Sugar Land, TX	43,458
Dallas-Fort Worth-Arlington, TX	39,492
Phoenix-Mesa-Scottsdale, AZ	28,376
Atlanta-Sandy Springs-Roswell, GA	25,559
Austin-Round Rock, TX	19,375
Charlotte-Concord-Gastonia, NC-SC	16,399
Tampa-St. Petersburg-Clearwater, FL	14,629
Orlando-Kissimmee-Sanford, FL	14,169
Nashville-Davidson-Murfreesboro-Franklin, TN	12,759
Washington-Arlington-Alexandria, DC-VA-MD-WV	12,254

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